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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 27,949 $ 23,706
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,764 3,829
Stock-based compensation 1,965 1,276
Loss (gain) on disposal of property, plant and equipment 258 (105)
Changes in operating assets and liabilities:    
Accounts receivable (123,249) (108,939)
Inventories (1,563) (2,556)
Prepaid expenses and other assets 2,304 (1,577)
Accounts payable 2,876 (666)
Accrued expenses and other liabilities (13,939) (11,327)
Income taxes receivable/payable 13,191 12,239
Net cash used in operating activities (86,444) (84,120)
Investing Activities    
Expenditures for property, plant and equipment (4,312) (2,439)
Proceeds from sales of property, plant and equipment   4,249
Net cash (used in) provided by investing activities (4,312) 1,810
Financing Activities    
Borrowings under line of credit 93,000 148,500
Principal payments under line of credit (16,000) (14,000)
Repurchases of common stock (3,244) (53,968)
Financing costs   (485)
Proceeds from employee stock purchase and option plans 103 72
Net cash provided by financing activities 73,859 80,119
Net decrease in cash and cash equivalents (16,897) (2,191)
Cash and cash equivalents, beginning of period 18,664 5,995
Cash and cash equivalents, end of period 1,767 3,804
Supplemental Disclosure:    
Cash paid for interest 64 248
Cash paid for income taxes, net $ 556 $ 498